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J.C. Penney’s problems mount

BY Marianne Wilson

New York — J.C. Penney Co. last Tuesday dominated the retail news as its shares dropped 10.6% to a four-year low after reports that one of its largest shareholders had sold a chunk of the troubled company’s stock. And in a late afternoon report, The Wall Street Journal said that a group of Penney directors is ready to get rid of CEO Ron Johnson, or push to sell the chain unless he can stop the company’s heavy bleeding this year.

Vornado Realty Trust sold 10 million shares of Penney stock, half of its stake, at $16.40 per share through Deutsche Bank AG, according to a Bloomberg report. Vornado chairman Steven Roth sits on the Penney board.

Penney was also in the news in regard to its ongoing battle with Macy’s. Martha Stewart testified in New York State Supreme Court on Tuesday that she did nothing wrong is entering into a deal to open up home in-store in Penney stores.

During her testimony, Stewart denied Macy’s allegations that she acted unethically in entering into the agreement with Penney. She said that she was only looking to expand and offer new opportunities for shoppers.

Macy’s claims that Martha Stewart Living Omnimedia breached a contract with Macy’s when it entered into the deal with Penney.

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GSI Commerce supports PetSmart’s omnichannel strategy

BY Staff Writer

King Of Prussia, Pa. — GSI Commerce, an eBay Inc. company, said it has extended its contract with PetSmart to support the retailer’s omnichannel strategy with webstore, fulfillment and customer service solutions. GSI has worked with PetSmart since 2007, and this contract will extend the relationship for three years.

“Technology is rapidly changing the way the consumer researches and shops, especially when it comes to caring for their pets,” said David Lenhardt, president and COO, PetSmart. “Through our strategic partnership with GSI Commerce, we are building the capabilities to allow our customers to shop anywhere, any way and any time they choose.”

GSI Commerce also supports PetSmart’s online fulfillment through its distribution center in Kentucky and customer service by U.S.-based call centers. GSI customer service representatives dedicated to the account are trained by PetSmart and work closely with PetSmart’s Phoenix-based customer care team.

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itoffer says:
Mar-20-2013 07:23 am

A glance at the requirements: this proctored, Microsoft 70-640, exam is within Technology Specialist (MCTS) certification and counts as credit toward Microsoft Certified IT Professional MCITP certification. 70-460

itoffer says:
Mar-20-2013 07:23 am

A glance at the requirements: this proctored, Microsoft 70-640, exam is within Technology Specialist (MCTS) certification and counts as credit toward Microsoft Certified IT Professional MCITP certification. 70-460

buangsila001 says:
Mar-12-2013 11:40 am

Founded in 1986, Petsmart is a leading retail store operating in united State of America and Canada engaged in the sale of pet supplies. - Scott Sohr

L.Jandayan says:
Mar-05-2013 10:13 pm

Ebay before was one of the best and trusted resources when you go on purchasing online. Ebay is good but now there are a lot of them fro you to choose to from. - Steven Wyer

L.Jandayan says:
Mar-05-2013 10:13 pm

Ebay before was one of the best and trusted resources when you go on purchasing online. Ebay is good but now there are a lot of them fro you to choose to from. - Steven Wyer

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Sweets & Snacks Expo to feature international attendees

BY CSA STAFF

WASHINGTON — A show devoted to snack food is expected to draw suppliers from 22 countries when it kicks off in May, the show’s sponsoring organization said.

The 2013 Sweets & Snacks Expo, which will take place May 21-23 at Chicago’s McCormick Place, is expected to be the most successful in the event’s 16-year history, with a nearly sold-out show floor, according to the National Confectioners Association.

"NCA recognizes the power of U.S. brands around the world, and the expo serves as a destination for global markets to come together," NCA president Larry Graham said. "The 2013 expo is the ideal venue to connect with industry professionals from around the world and to discover international products and trends that will set retailers apart from the rest."

In addition to Brazilian, Chinese, German and Mexican pavilions, the show will have its first-ever Ecuadorian pavilion. Latvian prime minister Valdis Dombrovskis will visit the show as well, and the show will feature products from companies like Sweden’s Solberga Konfektyrfabrik, Netherlands-based Hellema Hallum, Latvia-based Pure Chocolate and products from Argentina, Saudi Arabia and Russia.

"Every year, we host a number of country pavilions, but in 2013, we are thrilled to host a new country’s pavilion, and number of new international companies as well," Graham said.

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